Gold met our expectations, dipping to 2300 and bottoming out at 2293, favoring short positions. Today, we capitalized on the trend, shorting near 2323, hitting our profit target successfully. Congratulations on another winning trade! Currently hovering around 2296, gold bounced back from 2293 after its initial dip. While many may be tempted to continue shorting...
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2343.979. ✅LIKE AND COMMENT MY IDEAS✅
After gold crashed hard, we are back at it again. Price seems to have found strong support on this lows 2279. Bullish move expected target 2393 level, stops below 2275. Use proper risk management.
Please, check our technical outlook for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2.110. The above observations make me that the market will inevitably achieve 2.136 level. P.S Please, note that an oversold/overbought condition can last...
Please, check our technical outlook for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 80.72. The above observations make me that the market will inevitably achieve 81.61 level. P.S We determine oversold/overbought condition with RSI...
Hello,Traders! SILVER is going down But will soon retest a Strong horizontal support Level of 25.79$ from Where we will be Expecting a bullish Move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! We are going long on the SILVER with the target of 28.667 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NZD/USD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.595 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for SPX500USD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 5110.2. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5146.0 level. P.S The term oversold refers to a...
Here is our detailed technical review for USDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.365. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.371 level. P.S Please, note that an...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
Hello everyone, Today, EURUSD continues to hover around the familiar level near 1.071, still entrenched in a long-term downtrend. On the trend front: We are anticipating important updates from the Eurozone with the release of the HCOB Manufacturing Purchasing Managers' Index (PMI). This data could provide fresh insights into the next moves for EURUSD. In the...
Hello everyone, let's delve into today's gold prices! After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday. Gold is still undergoing a correction phase, especially after the Federal Reserve...
Here is our detailed technical review for NZDUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.588. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.591 level soon. P.S Overbought describes a period of...
Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 105.370. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.731 level soon. P.S The term oversold refers to a...
OPTIUSD has found bullish support at a price of $0.20 , indicating a potential reversal in its recent downward trend. As of today, April 30, 2024, the token is currently trading at $0.278 . predicting price targets of $0.388 and even $0.545 . These targets are based on chart patterns and trendlines suggesting a potential breakout from the current price...
If you haven`t bought AAPL before reaching all time high: or sold the beginning of the retracement: Then analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week, I would consider purchasing the 177.5usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $2.36. If these options...
If you haven`t bought QCOM on this support: Then analyzing the options chain and the chart patterns of QCOM QUALCOMM Incorporated prior to the earnings report this week, I would consider purchasing the 170usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $6.50. If these options prove to be profitable prior to the...